Things to ponder on before choosing a place to retire

Wouldn’t it be breathtakingly awesome if you could spend your post-career life in a sunny natural serenity away from the hubbub of urban anxieties that you have known all too well during your working years? Or maybe you want an active retirement life with a lot of social activities and volunteering? A lot of retirees still like to go for those hobbies or activities that they loved always, but could never pursue due to a scheduled work life.

The possibilities are many when it comes to the consideration of moving to a new place post-retirement, but so are the restrictions. The harsh realities of limited income and more reliance on a social security budget tend to narrow the options down; although that doesn’t mean a compromised retired life.

Financial factors to consider
When it comes to deciding on the best places to retire, the simple solution can be to head for a lower-cost neighborhood that can offer all sorts of retirement attractiveness and amenities. But the reality is not always ideal. In some parts of the country, the basic monthly security payment is enough to account for all the basic housing, food, healthcare and transportation expenses. The tax climate of some states like Nevada, Florida, Texas and Alaska are not sky-high, but a lack of affordable housing in states like Florida and California makes it burdensome to some retirees.

The overall cost of living and the healthcare facilities are also to be considered. Likewise, good walk-ability can ensure fewer fuel expenses. Also take into account factors like economic sturdiness and mobility of that place if you’re considering a part-time pay-job. A place with an average real-estate value and decent future growth prospects should be your bait, if you’re planning to sell your house and move to another location.

Cities to consider
To be honest, as nothing in this world is ideal and perfection is all about perspectives, there are no perfect retirement havens by general consensus, but we give you some cities and states to consider based on financial factors:
Florida with its below-the-national-average tax burden and the beneficial no individual income tax’ policy
Boise, Idaho with its low housing costs and other affordable amenities
Round Rock, Texas for its cheaper home and utility goods prices such as gas and prescription drugs
Scottsdale, Arizona, which boasts a low tax rate and slightly lower cost of living with the added bonus of hiking scopes
Fargo, due to its amazingly low unemployment rate of 1.8%
West Des Moines for its low cost of living and comprehensive financial security
Franklin, Tennessee with its moderate tax burden

Some of the other accessible states from the financial and tax point-of-view are Kentucky, Nevada, Oklahoma, Louisiana, Montana, New Hampshire, Mississippi, and New Mexico.

America’s biggest financial regret is the fact of not starting to save for retirement early enough. Make sure you don’t fall under this category. After all, you’re never too young to make a retirement plan.

Retirement

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